Archon Capital Management LLC Has $5.24 Million Stake in Fogo de Chao, Inc. (FOGO)

Archon Capital Management LLC lifted its holdings in Fogo de Chao, Inc. (NASDAQ:FOGO) by 45.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 376,660 shares of the restaurant operator’s stock after buying an additional 118,181 shares during the quarter. Fogo de Chao makes up 4.3% of Archon Capital Management LLC’s portfolio, making the stock its 9th biggest position. Archon Capital Management LLC owned approximately 1.33% of Fogo de Chao worth $5,236,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. TIAA CREF Investment Management LLC lifted its position in shares of Fogo de Chao by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 523,992 shares of the restaurant operator’s stock worth $7,283,000 after buying an additional 6,017 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its position in Fogo de Chao by 438.6% in the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 520,499 shares of the restaurant operator’s stock valued at $7,234,000 after purchasing an additional 423,859 shares during the last quarter. Vanguard Group Inc. lifted its position in Fogo de Chao by 69.3% in the 2nd quarter. Vanguard Group Inc. now owns 371,831 shares of the restaurant operator’s stock valued at $5,168,000 after purchasing an additional 152,169 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in Fogo de Chao in the 2nd quarter valued at about $4,711,000. Finally, River & Mercantile Asset Management LLP lifted its position in Fogo de Chao by 45.1% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 293,281 shares of the restaurant operator’s stock valued at $4,069,000 after purchasing an additional 91,141 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Several analysts recently weighed in on the stock. BidaskClub downgraded shares of Fogo de Chao from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Fogo de Chao from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $16.00 price objective on shares of Fogo de Chao in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Fogo de Chao currently has a consensus rating of “Hold” and a consensus target price of $16.36.

Shares of Fogo de Chao, Inc. (FOGO) traded up 0.1894% during mid-day trading on Tuesday, reaching $12.2732. 5,533 shares of the company traded hands. The stock has a market capitalization of $346.53 million, a PE ratio of 15.5357 and a beta of 0.38. The stock’s 50 day moving average is $12.42 and its 200 day moving average is $12.42. Fogo de Chao, Inc. has a 52-week low of $10.50 and a 52-week high of $14.95.

Fogo de Chao (NASDAQ:FOGO) last issued its earnings results on Tuesday, August 8th. The restaurant operator reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). Fogo de Chao had a net margin of 7.40% and a return on equity of 8.08%. The firm had revenue of $77.80 million during the quarter, compared to analyst estimates of $77.46 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts anticipate that Fogo de Chao, Inc. will post $0.91 earnings per share for the current year.

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Fogo de Chao Company Profile

Fogo de Chao, Inc is a United States-based holding company. The Company, through its subsidiaries, operates upscale Brazilian churrascaria steakhouses under the brand of Fogo de Chao. The Company owns 100% of Brasa (Purchaser) Inc (Brasa Purchaser), which owns 100% of Brasa (Holdings) Inc (Brasa Holdings).

Institutional Ownership by Quarter for Fogo de Chao (NASDAQ:FOGO)

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